Overall, 14.3% of consumers who financed a new car in the third quarter committed to payments above $1,000 per month, up from 8.3% during year-earlier period.
British Prime Minister Liz Truss on Wednesday that cutting taxes was "the right thing to do morally and economically," doubling down on a series of debt-funded economic reforms that have sparked in-party fighting and market turmoil.
Engine No. 1 became known for its winning proxy war against ExxonMobil, but it sees the future of energy investing and climate change as a market being broader.
EV startup Rivian Automotive told investors in March that it will produce 25,000 vehicles in 2022. It has three months and a seemingly tall order to get there.
Ford is increasing the entry-level price of its electric F-150 Lightning pickup by $5,000 for the 2023 model year due to rising costs and supply chain issues.
Senate Finance Committee Chairman Ron Wyden, D-Ore., has outlined five priorities for nearly $80 billion in new IRS funding. Here's a breakdown of each one.